B. Riley Lowers Cohu (NASDAQ:COHU) Price Target to $30.00

Cohu (NASDAQ:COHU) had its price target cut by investment analysts at B. Riley from $34.00 to $30.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would indicate a potential upside of 39.31% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. TD Cowen decreased their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus decreased their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Friday. The Goldman Sachs Group cut their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.57.

Cohu Stock Performance

Shares of Cohu stock traded up $0.07 during trading on Friday, hitting $21.54. 222,875 shares of the company’s stock were exchanged, compared to its average volume of 363,020. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -19.94 and a beta of 1.45. The business has a 50-day simple moving average of $24.98 and a 200-day simple moving average of $25.54. Cohu has a 52-week low of $19.52 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. On average, research analysts forecast that Cohu will post -0.51 EPS for the current year.

Institutional Investors Weigh In On Cohu

A number of large investors have recently modified their holdings of COHU. Victory Capital Management Inc. lifted its stake in shares of Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares in the last quarter. Franklin Resources Inc. raised its holdings in Cohu by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock valued at $85,207,000 after acquiring an additional 45,571 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after purchasing an additional 1,152,825 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after purchasing an additional 315,605 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Cohu by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock valued at $28,645,000 after purchasing an additional 9,563 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.